Victory Capital Management Inc. Has $109.20 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Victory Capital Management Inc. raised its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 67.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 858,980 shares of the construction company's stock after buying an additional 345,849 shares during the period. Victory Capital Management Inc. owned 0.28% of D.R. Horton worth $109,202,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Tectonic Advisors LLC increased its stake in shares of D.R. Horton by 36.3% in the first quarter. Tectonic Advisors LLC now owns 10,255 shares of the construction company's stock valued at $1,304,000 after buying an additional 2,732 shares in the last quarter. Wealthfront Advisers LLC increased its position in D.R. Horton by 6.1% in the 1st quarter. Wealthfront Advisers LLC now owns 83,435 shares of the construction company's stock valued at $10,607,000 after acquiring an additional 4,832 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of D.R. Horton by 3.2% in the first quarter. Apollon Wealth Management LLC now owns 18,767 shares of the construction company's stock worth $2,386,000 after acquiring an additional 576 shares during the last quarter. Signaturefd LLC raised its stake in shares of D.R. Horton by 8.1% in the first quarter. Signaturefd LLC now owns 10,051 shares of the construction company's stock worth $1,278,000 after acquiring an additional 756 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its position in shares of D.R. Horton by 1,710.0% during the first quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock worth $13,678,000 after purchasing an additional 101,643 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company's stock.

D.R. Horton Trading Up 0.2%

D.R. Horton stock traded up $0.21 during midday trading on Friday, hitting $131.86. 5,125,531 shares of the stock were exchanged, compared to its average volume of 3,188,689. The stock has a market capitalization of $40.50 billion, a PE ratio of 9.98, a P/E/G ratio of 4.11 and a beta of 1.38. The company has a fifty day simple moving average of $125.81 and a two-hundred day simple moving average of $129.08. The company has a quick ratio of 1.15, a current ratio of 7.29 and a debt-to-equity ratio of 0.26. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the business earned $3.52 earnings per share. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. D.R. Horton's payout ratio is 12.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DHI shares. JPMorgan Chase & Co. dropped their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. JMP Securities dropped their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research report on Monday, April 21st. Bank of America decreased their price target on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Royal Bank Of Canada dropped their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods reduced their target price on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and an average price target of $151.15.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.